A vice president of Altimo, a shareholder of Russian telecom operator VimpelCom Ltd. (VIP), on Tuesday criticized largest VimpelCom shareholder Telenor ASA (TEL.OS) over its reluctance to accept equal ownership of VimpelCom between foreign and Russian investors.

Glencore Toughens Stance in Xstrata Tussle

Glencore's chief executive said Tuesday its $30 billion bid for miner Xstrata is not a 'must-do deal' as the company fends off demands from a key shareholder for a higher price.

Allergan Inc. (AGN) signed agreements with privately owned biotechnology firm Molecular Partners AG to develop and commercialize a class of biological drugs for the treatment of serious ophthalmic diseases.

Keppel Unit to Build US$315 Million Accommodation Platform for Floatel International

Keppel Corp. Ltd. (BN4.SG) Tuesday said unit Keppel FELS Ltd. has signed a US$315 million contract to build a semi-submersible accommodation platform for Floatel International Ltd.

Glencore CEO: Kazzinc Deal Being Reworked; Not As Much Cash Out

Commodities titan Glencore International PLC (GLEN.LN) is reworking the terms of a deal to boost its stake in Kazakhstan's integrated zinc producer Kazzinc, Glencore's Chief Executive said Tuesday.

Li Ka-Shing-Linked ARA Eyes Up To $640 Million Yuan-IPO In October -Sources

ARA Asset Management Ltd. (D1R.SG), the Singaporean real estate firm partly owned by Hong Kong tycoon Li Ka-shing, plans to carve out some of its Chinese property assets in an up to US$640 million initial public offering by the end of October in what is set to be Singapore's first yuan-denominated

The poor financial performance of Israeli mobile operator Partner Communications Co. (PTNR.TV) and the large debts of its controlling shareholder, Scailex Corp. (SCIX.TV), led Hutchison Whampoa Ltd. (0013.HK) to cancel a deal to regain control of Partner, Scailex said Tuesday.